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Remittance recipients to get gifts from BRAC Bank, Western Union

2025-03-21 00:00:00

BRAC Bank, in collaboration with Western Union, has been rewarding remittance recipients this Ramadan with an exclusive water bottle, according to a press release. Customers collecting remittances through Western Union from BRAC Bank's extensive network, which includes 189 branches, 74...

In the Market: How Trump is driving Asia to diversify away from US

2025-03-21 00:00:00

President Donald Trump's tariffs and other policies have some financiers and officials in Asia predicting the remaking of the post-World War II economic order, leading to an urgent quest to diversify away from America. But it's not proving to be...

Paramount Insurance's profit grows 29pc in 2024

FE REPORT | 2025-03-21 00:00:00

Paramount Insurance secured a 29 per cent year-on-year growth in profit to Tk 90.7 million in 2024, supported by higher premium income amid a challenging business climate.Subsequently, the insurer's earnings per share (EPS) rose to Tk 2.23 for 2024 from...

High-level committee devises plan to revive market

FE REPORT | 2025-03-21 00:00:00

The newly-formed high-level committee to strengthen the securities regulator and help the capital market flourish has started working by identifying challenges and potential development methods.It held its first meeting on Thursday and devised a work plan to prepare policy recommendations...

Islami Bank holds Shari'ah Supervisory meeting ----

2025-03-21 00:00:00

A meeting of the Shari'ah Supervisory Committee of Islami Bank Bangladesh PLC was held at Islami Bank Tower Thursday. Mufti Sayeed Ahmad, chairman of the committee, presided over the meeting. Prof Dr Abu Bakr Rafique, vice chairman, and Prof Dr...

Leaders of the Switzerland-Bangladesh Chamber of Commerce and Industry

2025-03-21 00:00:00

Leaders of the Switzerland-Bangladesh Chamber of Commerce and Industry in a photo session after the 13th AGM of the chamber in the city recently.

Shahjalal Islami Bank holds 392nd Board Meeting

2025-03-21 00:00:00

The 392nd meeting of the board of directors of Shahjalal Islami Bank PLC was held at its corporate head office in the city on Wednesday. Chairman of the bank A. K. Azad presided over the meeting. The board approved a...

Copper jumps above $10,000

2025-03-21 00:00:00

LONDON, Mar 20 (AFP): The price of copper reached a five-month high above $10,000 a tonne Thursday as US companies stock up on the metal targeted by US President Donald Trump's tariffs.Copper-a vital component for energy storage, electric vehicles, solar...

Chinese tariffs on Canadian agricultural products kick in

2025-03-21 00:00:00

BEIJING, March 20 (AFP): Chinese tariffs on Canadian products including rapeseed oil and pork come into effect Thursday, with an industry lobby warning the new levies will have a "devastating impact" on farmers.The tariffs -- announced this month -- follow...

Banks instructed to pay March salaries by 23rd

2025-03-21 00:00:00

Bangladesh Bank has directed all banks to ensure the disbursement of salaries and allowances for March 2025 by 23 March, reports UNB.The instruction also includes the payment of retirement allowances for pensioners.As per the official calendar, Eid-ul-Fitr is expected to...

Remittance inflow up 78.4pc in first 19 days of March

2025-03-21 00:00:00

Remittance inflow witnessed a remarkable year-on-year growth of a massive 78.4 percent to US$2,252 million in the first 19 days of the ongoing March, reports BSS.According to the Bangladesh Bank (BB) latest data, the country logged a total of $1,262...

Jewellery shops see Eid sales decline

2025-03-21 00:00:00

Jewellery sales have taken a hit this Eid as soaring gold prices make ornaments less affordable for many buyers, reports UNB.The Bangladesh Jewellers Association (Bajus) recently raised gold prices to a record high, with the latest hike coming last Thursday.A...

A Jamdani artisan's tale of passion and perseverance in Chandpur

2025-03-21 00:00:00

Chandpur, Mar 20 (UNB) - In the quiet corners of Bangladesh's rich heritage, where artistry meets tradition, the ethereal beauty of Jamdani sarees continues to enchant generations.A delicate interplay of threads weaves not just fabric, but stories-of dedication, craftsmanship and...

Why RMG sector still pays less tax

FE REPORT | 2025-03-21 00:00:00

National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan has raised concerns over the continued tax benefits enjoyed by the ready-made garment (RMG) sector, questioning why it still pays reduced taxes even after 50 years while most other industries...

Gold steadies near record highs on Fed rate cut hints

2025-03-21 00:00:00

Gold prices were steady on Thursday, after touching another record high earlier in the session, driven by the Federal Reserve's indication of likely interest rate cuts later this year and geopolitical and economic uncertainty fuelling safe-haven demand for the bullion,...

UK fines London Metal Exchange over nickel price spike

2025-03-21 00:00:00

LONDON, Mar 20 (AFP): The UK's financial regulator fined the London Metal Exchange £9.2 million ($11.9 million) on Thursday over inadequate systems and controls to deal with a controversial spike in nickel prices in 2022.The Financial Conduct Authority noted that...

Chicago corn prices set to challenge decades-long streaks

2025-03-21 00:00:00

CHICAGO, March 20 (Reuters): If the recent tariff-fueled selloff in Chicago corn futures felt extreme, that's because it was, especially given the season.Huge swings in new-crop corn prices are not typically seen in the beginning months of the year due...

Oil prices hold steady

2025-03-21 00:00:00

Oil prices were little changed on Thursday, as a higher-than-expected fuel inventory drawdown in the US and renewed tensions in the Middle East countered strength in the dollar, reports Reuters.Brent crude futures inched up 8 cents, or 0.11 per cent,...

NEWS IN BRIEF --2025-03-21

2025-03-21 00:00:00

Climate change melting huge ice blocksoff Africa's second-highest mountainMERU, Mar 20 (AFP): Charles Kibaki Muchiri traced the water trickling across the surface of the Lewis Glacier with his fingers, illustrating how quickly climate change is melting the huge ice blocks...

Manila denies coordinating Duterte arrest with ICC

2025-03-21 00:00:00

MANILA, Mar 20 (AFP): Philippine senators on Thursday grilled government officials over their decision to hand former president Rodrigo Duterte to the International Criminal Court last week, with the country's justice minister denying coordinating the arrest ahead of time.Duterte was...

Trump's N talks letter 'more of a threat'

2025-03-21 00:00:00

TEHRAN, Mar 20 (AFP): Iran's Foreign Minister Abbas Araghchi said on Thursday that a recent letter sent by US President Donald Trump calling for new nuclear talks was "actually more of a threat", and that Tehran would respond soon.Araghchi told...

Anger as Indonesia law allows military bigger role in govt

2025-03-21 00:00:00

JAKARTA, Mar 20 (BBC): Indonesia's parliament has passed controversial changes to legislation that will allow its military a bigger role in government.Critics warn that the move could return Indonesia to the dark days of Suharto's military dictatorship, which lasted 32...

Trump, Zelensky pledge to end Ukraine war

2025-03-21 00:00:00

NEW YORK, Mar 20 (Reuters): US President Donald Trump and Ukrainian President Volodymyr Zelensky agreed on Wednesday to work together to end Russia's war with Ukraine, in what the White House described as a "fantastic" one-hour phone call.In their first...

BCCI announces $6.7m reward for India

2025-03-21 00:00:00

NEW DELHI, Mar 20 (Reuters): The Indian cricket board (BCCI) handed its team, which claimed the Champions Trophy title earlier this month, a $6.72 million cash bonus on Thursday, an amount three times the winner's purse for the 50-overs tournament.Rohit...

Boxing earns spot in 2028 Summer Games, says IOC

2025-03-21 00:00:00

PYLOS, Greece, Mar 20 (Reuters): Boxing was included on Thursday in the Los Angeles 2028 Olympics programme after a unanimous vote from the International Olympic Committee, ending years of doubt over the sport's Olympic future.The IOC last month granted provisional...

Shakib clears bowling action reassessment test

2025-03-21 00:00:00

Bangladesh's veteran all-rounder Shakib Al Hasan has finally been cleared of suspect action after suffering months of negativity regarding the same. The 37-year-old had failed the test twice but if the latest results suggest that Shakib has finally managed to...

Next WTC likely to bring in bonus points, extra points for away wins

2025-03-21 00:00:00

In-game bonus points and extra points for away wins could be introduced to the World Test Championship before the next cycle begins in June, according to the British daily The Telegraph.The final of the 2023-25 championship, pitting Australia against South...

A total of 10 captains of IPL teams pose for a photo

2025-03-21 00:00:00

A total of 10 captains of IPL teams pose for a photo at the BCCI office in Mumbai on Thursday, ahead of the high-octane T20 competition which will begin tomorrow (Saturday)- IPL X (twitter)

Booters arrive in Shillong to play against India

2025-03-21 00:00:00

Bangladesh national football team reached the Indian hill city of Shillong on Thursday afternoon via Kolkata to compete in their first away match of the AFC Asian Cup 2027 Qualifiers against hosts India on March 25, reports UNB.The team left...

Abducted college student found dead in Thakurgaon

2025-03-21 00:00:00

THAKURGAON, Mar 20 (UNB) A college student, who was abducted on February 23, was found dead at Shibganj Maheshpur in Sadar upazila of Thakurgaon district early Thursday, despite his family paid Tk 2.5 million (25 lakh) in ransom.Milon Hossain, son...